June 18, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/06/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/06/2019

Can altcoin prices update highs today?

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/06/2019

Yesterday, trading volumes were low, andSellers were unable to increase sells.The pair was reliably held by the level of 38.2% Fib (289.51 USD).In the second half of the day, the buyers' positivity restored the price of BCH to the local high around 298.00 USD. 

This morning, after an overnight pullback, the pair continued to grow, setting a monthly high at 309.15 USD.Before the end of the day, there is a possibility of a retest of the resistance in the area of 320.00 USD. 

However, on the daily chart, the market is quite overheated, and soon the price may fall. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/06/2019

Yesterday's pullback was not very deep and stopped at the approach to the level of average prices.In the afternoon, buyers seized the initiative, and by the end of the day, several positive impulses allowed them to update the monthly high at 64.25 USD. 

While the dynamics of the price of LTC looks enoughconfidently, today the pair could test the upper dashed line near the mark of 65.00 USD, but on the daily chart the indicator lines are off scale in the overbought zone. The intense decline, which we expected at the beginning of the week, may begin shortly after re-testing the blue dotted border of growth.

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/06/2019

Yesterday morning, EOS' price decline stopped near the purple support line.A pair of powerful bullish impulses forced the pair to test the resistance of 3.65 USD.At night, it was not possible to stay above this level, and the price rolled back slightly. 

Perhaps today buyers will still compete for this milestone in order to gain a foothold over it.We believe that the level of 3.75 USD may turn out to be a reversal. 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/06/2019

Yesterday, after pulling back from the high zone, buyers managed to seize the initiative and restore the price of XLM.However, another attempt to update the high was unsuccessful and the price consolidated in a narrow sideways range in the area of 0.080 USD. 

Today, it is not yet possible to trace the next initiatives of buyers - the price continuesconsolidation, and soon the decline to the area of average prices may begin.